The Technology That Helps UK Payday Lenders Protect Against The Surging Identity Fraud

latest UKCIFAS record unearths that while overall fraud levels within the UK appear to have diminished in the first quarter of 2013, credit score and store cards have experienced a limiteless elevate in the level of frauds recorded. mortgage money owed in particular have turn into increasingly more well liked by fraudsters, growing by means of forty three% within just 3 months because the starting of the yr (http://www.stockmarketwire.com/article/4599630/CIFAS-figures-expose-favorite-fraud-targets.html).

Payday lenders operate essentially online, taking part in excessive accessibility but also suffering from relative vulnerability to identity fraud. until recently, online lenders had simplest partial lend a hand from technology in combating id fraud. Fraudsters might forge or faux identification documents fairly easily. These would be submitted on-line as snapshots or scans for what was once basically manual examination and processing infamous for being sluggish, error-prone and costly.

AU10TIX, the pioneer of Multi-Channel steady consumer Onboarding, has presented the BOS (again-office carrier) on-line purchaser id authentication and document technology already in 2012. AU10TIXBOS is the newest know-how for computerized authentication and conversion of identification image recordsdata to practicable digital data. This evolved image processing and forgery detection expertise is designed to handle the authentication, validation and detection of forgery attempts in id image files produced the use of popular devices corresponding to smartphone cameras, place of business scanners, webcams or digital cameras and submitted online.

an increasing number of lenders familiarise themselves with the AU10TIXBOS device,” says Ron Atzmon, Managing Director of AU10TIX: we’re assembly the increasing demand for what is not just a fraud protection technology but also a aggressive leverage in an awfully aggressive market. Automating identity authentication and document technology will inevitably develop into standard. people who do it first will win early advantage, and we’re there to equip them with the most effective know-how.

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About AU10TIX

AU10TIX limited, a completely owned subsidiary of ICTS international N.V, deals with the authentication and digitization of deciding on paperwork, together with: Passports, identity cards, driving licenses and other complementary picking paperwork. the corporate specialises in implementing hardware & instrument primarily based purposes used for scanning, settling on and acquiring identification paperwork, authenticating them and their homeowners, in real-time. the corporate’s merchandise significantly reduce id and file based fraud in firms, decreasing the prices associated with processing purchasers, bettering compliance competence and effectiveness with associated rules, whereas making the sales and give a boost to operations more efficient. For extra information, consult with http://www.au10tix.com

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About ICTS world N.V.

ICTS specialises in the development and implementation of innovative safety concepts and options designed to fulfill the desires of a variety of industries, mainly aviation transportation, border control and delicate services. ICTS global benefits from over two decades of expertise and global operational expertise in transportation security, with a particular emphasis on high-possibility environments, passenger processing transactions and the integration of security services and products to offer a comprehensive safety answer. It additionally bargains all kinds of customised coaching applications, tailor-made approaches and a variety of security consulting services and products. the corporate has developed and applied unique technological options, according to its comprehensive strategy to security, designed to improve the level of security while accelerating the protection test course of. For extra data, talk over with http://www.icts-int.com

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